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· This article is part of our "manufacturing in Asia 2020" series. This time we focus on the Philippines. We interviewed Joona Selin, the local market specialist at Asian gives us great insights into the local manufacturing industry and uncovers business opportunities for foreign companies. We hope you'll get actionable information from this interview.
THE PHILIPPINE MANUFACTURING INDUSTRY PROFILE Updated as of July 2017 Introduction The Philippine manufacturing industry remains to be the most important sector for longterm productive employment, valueadded generation, and innovation. It has the highest multiplier effect to the economy1 compared to other sectors.
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· Manufacturers in the Philippines also import significant volumes of fabrics and other components used in textiles manufacturing from China, further eroding any price advantage. That said, many factories in The Philippines stand on their own merits, and their English language proficiency also makes communiion easier.
